Morabaha Marina Financing Company announces the latest developments regarding its announcement on the inability to publish the interim financial results for the period ended 31 March 2026 (Three Months)
| Element List | Explanation |
|---|---|
| Introduction | With reference to Morabaha Marina Financing Company’s announcement published on the Saudi Exchange website on 12/05/2026G regarding the Company’s inability to publish its interim financial results for the period ended 31 March 2026 (Three Months), in which the Company stated that the reason was the pending completion of the procedures for approving the new Board of Directors of its subsidiary, Digital Payment Company (Loop), the Company would like to announce the latest developments in this regard. |
| Previous Announcement | The inability to publish the interim financial results for the period ended 31 March 2026 (Three Months), due to the pending completion of the procedures for approving the new Board of Directors of the subsidiary, Digital Payment Company (Loop). |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-05-12 Corresponding to 1447-11-25 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Morabaha Marina Financing Company announces the completion of the regulatory procedures relating to the Board of Directors of its subsidiary, Digital Payment Company (Loop), following receipt of the required non-objection from the Saudi Central Bank for the Board members and completion of the registration and update of the Board of Directors’ information in the subsidiary’s Commercial Registration on 17/08/2026G. The Board of Directors consists of: 1. Mr. Naif bin Talal Al-Maiman – Chairman. 2. Mr. Abdulrazzaq bin Othman Al-Abdulkarim – Vice Chairman. 3. Mr. Saeed Marei Abdullah – Board Member. 4. Mr. Saud Sultan Al-Sultan – Board Member. 5. Dr. Yazeed Mohammed Al-Babtain – Board Member. Accordingly, Loop has completed the regulatory procedures relating to its Board of Directors referred to in the Company’s previous announcement. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
| Delay consequences on the Company’s financial results | Not applicable |
| Additional Information | Morabaha Marina Financing Company previously published its interim financial results for the period ended 31 March 2026 on 17/06/2026G. |
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